The Pros and Cons of Buying Gamble with Bonus Money Used.
With over 2,000 licensed and regulated online casinos to choose from, you can almost always find a casino offering a few dollars for free. You either go with a low balance “no deposit” bonus or you deposit some money for a matching bonus. Either way you have to meet a playthrough requirement before you can keep any money you win.
If you join only one casino a week you could play with 50 deposit bonuses a year, giving yourself a couple of weeks off without playing. Unless you are reckless and foolish, you should win some money during those 50 weeks. By playing conservatively with the minimum bets, you’ll extend the life expectancy of your welcome bonuses.
How does play through usually work?
You will be asked to gamble anywhere from 10 times to 50 times the amount of your welcome bonus or your deposit plus welcome bonus. You might be tempted to cut that requirement short by making larger wagers, but remember that you are less likely to come out ahead when you bet more than the minimum that the game requires.
Be patient and fulfill the gambling requirement with smaller wagers. Your chances of keeping some of the welcome bonus money are better, and your chances of winning some money are better.
The idea that you can “get back” money you have lost is the doom of many a gambler. The Gambler’s Fallacy is assuming that any streak of bad luck will be balanced by a streak of good luck. Too many betting systems assume that if you increase your bets by some percentage or multiple after each loss you increase your chances of winning back money you just lost.
In reality the less money you risk on each wager the more wagers you can make and the more likely you will recover some losses before your money runs out. There are no guarantees in life or gambling, but you do improve your chances of winning by playing more often and the least expensive way to play more often is to not throw your money away on big stakes wagers.
But everyone likes to make a big bet once in a while. There are ways you can enjoy taking a larger risk without losing all your money. Set some ground rules for yourself so you know when it is safe to make a higher stake wager.
For example, you could arbitrarily decide to double your wagers every four to six rounds of play. This is a random process that makes no promises about the future.
If you have a streak of good luck and start winning then sticking to the 5% rule allows you to increase your wagers without risking most of your money at any time.
There are other systems that allow you to gradually or randomly increase your bets while conserving most of your money.